22600 Lyons AveSanta Clarita, CA 91321

Property Details for 22600 Lyons Ave

Year built

1980

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

4,216 SF

Zone code

SCSP

Property type

Retail properties

Property subtype

Retail space

APN

2831-007-001

APU

2831007001

Description

This exceptional 4,216 square foot freestanding retail building presents a unique investment opportunity in Santa Clarita's vibrant Old Town Newhall Arts & Entertainment District. Located on a prominent corner lot spanning 9,313 square feet, this single-story building is currently vacant, offering immediate occupancy for owner-users. Its strategic location directly across from Newhall Crossings, a thriving mixed-use development featuring 47 apartments, retail spaces, and a Laemmle movie theater, ensures high visibility and foot traffic. The property's proximity to the Newhall Library, Metrolink station, and a 372-space parking structure further enhances its appeal. There are no on-site parking requirements for this property. The property is zoned SCSP. Approved plans exist for a substantial 9,300 square foot, two-story restaurant expansion, providing significant potential for future development. The property's address is 22600 Lyons Ave, Santa Clarita, CA 91321, with APN 2865-017-001. This is a rare opportunity to acquire a prime retail space in a rapidly growing area. The asking price is $3,495,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,643,495

  6.5%

  $1,517,072

  7%

  $1,408,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,020,321

  Geo Method

  $2,020,321

• Alternative Use

  Use

  Valuation

  Residential

  $1,279,708

  Hospitality

  $1,172,205

  Educational

  $975,261

  Medical

  $1,008,802

  Retail

  $1,517,072

Location Insight

City

Santa Clarita

County

Los Angeles

State

California

Latitude

34.3811

Longitude

-118.53

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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